NATIONAL

Economic Survey Of Pakistan For FY 2017-18 Unveiled

Prime Minister's Advisor on Finance Miftah Ismaeel unveiled the economic survey of Pakistan for the fiscal year 2017-18.

Addressing a joint news conference with Minister for Planning and Development Ahsan Iqbal. The Finance Advisor said, Pakistan's economy showed 5.79 percent growth in the past five years.

He stated that the agriculture growth rate remained at 3.8 percent while industries grew by 5.8 percent and services sector by 6.43 percent.

Miftah Ismail said, the current 3900 billion rupees revenue will form 11 percent of GDP.

Earlier, Minister for Planning and Development Ahsan Iqbal said, the gross domestic product grew at a rate of 5.8 per cent over the past year but narrowly missed the target of at least six percent due to economic turmoil for the last year.

He said, the poverty level dropped by 24 percent from 39 percent in the past five years.

The Minister claimed that the agriculture sector saw the highest growth over the last 13 years due to initiatives such as expansion in credit to the sector, along with the Kissan package, provision of better quality seeds and timely availability of agriculture inputs.

He added the incumbent government is are investing in technology to get ready for the fourth industrial revolution.